The Senate Housing Bill: S.2636 Foreclosure Prevention Act of 2008, has been signed into law introducing sweeping changes to the way we dobusiness. Freddie Mac just put financial incentives in place that will help some realtors close more transactions. Realtors who positionthemselves correctly will be able to ride this wave for the next several years. Go to www.senatehousingbill.info to find out how you can takeadvantage of these important changes.

Help has arrived: U.S. Congress comes through with relief

The Housing and Economic Recovery Act of 2008, the most sweeping housing legislation since the Depression era, was passed by the U.S. Senate and House of Representatives at the end of last month and was signed into law by President Bush.

The new law addresses various aspects of the housing downturn, including assistance for homeowners who are behind on their mortgages, federal oversight of Fannie Mae and Freddie Mac, and funding for cities to buy and fix up foreclosed properties.